Listen: Bloomberg, US And Europe discussed on Bloomberg Daybreak: Europe
"Every fifteen minutes here on Bloomberg radio at one minute into the equity market, opening Europe. And looking at how the stock six hundred is performing off to three days of being in the green where opening dead flats awaiting for a bit of direction Alyce right now as this market gets going. I'll get to the regional indices in a sexual give them a few minutes to warm up in tons of US equities. We went we broke through that twenty nine hundred level for the first time in six months on the S and P five hundred closed on Friday with a one percent of a record high. Why will you did see the banks outperform to some extent? But actually when I was digging into the function on the Bloomberg. Yes, the banks did well, but even better you saw some of these commodity chemicals companies and oil and gas companies doing well. So that tells you that maybe the China data had something to do with the S and P five hundred rally on Friday. And also the big. Run-up we've had in oil over the past six weeks, the all rally taking a little bit of a breather today. WGN sixty three spots sixty five off by four tenths for percent. Brent crude at seventy one spot forty seven off just a little WTI is off just a little more after that Riggs data from Baker Hughes came out. That's what's feeding into bit of softness into the oil price today. But to get back to these regional indices in Europe, you the Footsie-100 up ten percent, the CAC forty trades flat. The Dax opens flat as well. The ibex footsie may more firmly in positive territory. So we're struggling for direction of bit with a little bit of a bias to the upside in terms of how US futures a setup is the rally gonna take a pause. The futures giving the indication yes at the moment S and P five hundred Emmys dead flat and along with the equity market rally that we had on Friday for the S and P five hundred. We saw the ten year yield jumped some six basis points. Where study today we trade on to fifty six hundred on the US tenure yield the tenure Boone deal was also taken firmly into positive territory five basis points is where we trade on the bundled. Right now, not moving much right now and one point two one percent on the guilt yield. So we really did see a lot of these yields move higher along with rally in risk assets. So that's how we were set up on Friday was sort of holding that in today's session. Let's look below the surface and see what stocks are watching this morning. Bloomberg stocks reporter, Joe eastern is with us in the London studio. Joe great to have you with us. So you'll kicking off with publicize. Yes. Oh publicist the French company. They've announced a four point four billion dollar deal to buy Epsilon, which is the data and marketing component of alliance state Corp in the US. So it's a big deal here four point four billion dollars. And it's really part of that push to move further away from traditional advertising like television. I'm building and move into the online and social media marketing space, and and it's also worth noting. However that in order to do this deal. They've had say that they've suspended their share buyback program center of. The actual how funding the deal it's not all positive, and, but they do say that the deal will be secretive within a few years and in terms of their earnings at the moment, they're saying that the Asian markets really booming for policies, and perhaps making up for some of the losses in the European North American market. But those shares this morning opening up around one point eight percent. So I think most of the attention is coming into these comments. They say that will add to their EPS within two years, which is very positive for publicists and looking into the industry groups on the stock six hundred banks are up top in terms of the outperformance closely followed by media and publicity is part of that. But also the Vendee so a couple of things to talk about here. We've got the quarterly sales gain. But also, there's an annual meeting today where there's going to be some focus on activist investors. Yes. So this one of the companies has been big focus of activism, but I think what the big thing from the report, Dave, you mentioned is that the Universal Music Group is doing really really. Well, and the revenue for the company for Vendee was driven by that that department they're actually looking to sell that unit half of that unit at least and that could be expected to around ten billion dollars. So it's a big would be big sell for them. So that could be a key folks of the meeting stay whether that will help them to possibly attract better bits for the unit. The stocks risen about twenty five cents since the they announced that they were viewing the options for Universal Music Group. And I'm seeing the shares up around zero point six percents when it's not a huge gain. But again, a lot of focus in that meeting later. He said with the activists pressure there. Yeah. And let's finally talk about Daimler. What's the story there? Yes. It's another negative emission cheating story for Daimler. They're saying in a newspaper report that there was a software in one of the Mercedes diesel models that the company allegedly removed as investigations we're going on Dharma has denied this. But we things negative pressure in the shed smuggling down around half percentage point. And it continues the theme of emission cheaters within the industry. But again, the companies king to deny this report. So we're waiting to see what. Further. Evidence comes out from that story. Thank you so much for joining us in the studio Joe eastern on Bloomberg stocks reporter with our stocks to watch. Now, let's turn to our top stories starting with the US president saying the stock market would be five thousand ten thousand points higher. If it weren't for the actions of the Federal Reserve, this is Donald Trump's latest attack on the central Bank. It comes as his two recent picks for the fed have come under fire. Several Republicans have now indicated former pizza executive Herman Cain may not be able to win confirmation in the Senate. And meanwhile, ahead of those comments from Trump European Central Bank president Mario Draghi took the rest at of weighing in on the hot debate over whether the president is undermining the independence of the Federal Reserve speaking to reporters at the IMF meetings in Washington druggy said on Saturday. He was quote, certainly worried about central Bank independence, and especially in the most important jurisdiction in the world. Turning to trade today marks the start of Japan's first round of bilateral trade talks with President Trump's administration. Bloomberg's Isabel Reynolds has the story from Tokyo, economy minister, Toshimitsu morteki and US Trade Representative Robert lighthizer a likely to discuss the scope of the talks at that meeting in Washington on Monday and Tuesday access to Japan's market is likely to be on the agenda, but it remains to be seen whether the US will seek to curb Japanese auto imports in Tokyo Isabel Manos, Bloomberg daybreak Europe, just to note that by the way, we've really seen Japan actually outperforming in today's equity market session in Asia with the Nikkei a closing higher by one point four percent. The topics up by one point four percent. And generally we've seen some risk on in these Asian markets a little bit of weakness coming through in some of these Chinese stocks now, but we did see quite a positive reaction generally to China data that we had on Friday Asian equities picky up that bat on from what we saw in Friday's trading in European and. US equities. Now. Meanwhile, according to Treasury Secretary, Steven Mnuchin, the US is open to facing quote repercussions. If it doesn't live up to its site of a trade deal with China. This is the latest sign the two sides are edging closer to an accord to end the trade war. Mnuchin says the US and China are discussing whether to hold more in-person meetings to finalize the agreement and embrace it news, both Theresa May's government and the opposition labor party agree on at least one thing that their talks represent the best chance of ending months of deadlock. Bloomberg's rob Hutton reports over the weekend spokesman for both sides of the discussions, which resume this week could deliver away out of what Labor's ending McDonald called this long and awful process. David Livingston maze. Defacto deputy. So the government it would be possible to get the benefits of customs union which later ones, but still have an independent trade policy a aqui conservative demand. But Formato leader in Duncan. Smith was unimpressed he called on may to get Britain out of the EU at once and then quit in London. Robert Hutton, Bloomberg daybreak. Era. Cable trading up to ten percent in today's session. So highest slightly for a second day. One thirty eighty seven now in corporate news this morning. The apple versus Qualcomm five week trial kicks off today in San Diego, California as Bloomberg's Ed Ludlow reports, the verdict could have big implications for the smartphone giant and its chipmaker. The jury has two issues to consider Qualcomm charges. Apple three percent royalties on the net price of every iphone sold. In return. Apple gets access to crucial technology. The question is whether Qualcomm is abusing its dominant market position with that demand. Apple ended supplies have also been withholding payments to the chip maker since two thousand seventeen. So the jury needs to decide whether apple os, Qualcomm, billions in damages for the missed payments. Apple's CEO, Tim cook is expected to testify and talk Apple's business and other technology partnerships. Qualcomm CEO, Steve Mollenkopf is also due to appear in San Francisco. Ed Ludlow, Bloomberg daybreak Europe. Those are your top stories now for the latest in global news. Here's Leon guarantee. Am good morning, Nara. Look set to get a more left-leaning government after the social Democratic Party emerged as the winner yesterday and the tightest election in memory, boom, bugs eleo colas says voters rejecting years of steady departmental faces tough and lengthy lengthy tools to put together a cabinet after the ultra nationalist Finns party emerged as the second. Biggest seizing these fabulous moments conservative national coalition for the first time various coalitions are now possible in Helsinki. Bloomberg daybreak Europe. French president Emmanuel Macron will address the nation later attempts to still feel discontent elevates protesters once again took to the streets over the weekend to vent their frustration. Bloomberg's Greg the squeezy has more personal crawls big on national TV PM till they I would measures hill and act following. National debate organized to allow the French to vent their grievances. You should see some tax cuts maybe an increase in pensions as well. As efforts to improve services and small town, France the question, of course, is whether it will be enough to satisfy the anger the yellow vests have revealed in Paris, Gregory screws EA, Bloomberg daybreak Europe. The US is ready to apply new sanctions on Venezuela's leadership. That's according to secretary of state, Mike Pompeo who was calling on nNcholas majority willing quick power. We've made clear that all options are on the table. And you watch you watch the political and diplomatic news.."